M Resources & GEAR plan funding round after $1.65B coal mine buy
March 22, 2024
Australian coal trader M Resources and Singapore’s GEAR plan a funding round after their $1.65-billion purchase of South32’s Illawarra
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New Hope positive despite a green legal challenge to its coal expansion
March 22, 2024
New Hope says the outlook for its business is positive despite an ongoing environmental challenge to its Queensland operation.
Glencore Abandons Coal Production Cap
March 22, 2024
Australia’s biggest thermal coal producer, Glencore, has withdrawn a promise to keep annual coal production below 150 million tonnes
More investors push Glencore to keep coal post-Teck deal
March 22, 2024
A growing group of Glencore opens new tab investors are keen for it to keep mining coal instead of spinning out the soon-to-be enlarged unit
World Steel Association Figures for February 2024
March 22, 2024
Global crude steel production saw a mixed trend in February, with a year-on-year increase of 3.7%, reaching 148.8 million metric tons
Fitch Increases Iron Ore & Coking Coal Price Assumptions
March 22, 2024
Fitch Ratings, a prominent international credit rating agency, has updated its financial price forecasts for iron ore and coking coal
China’s Blast Furnace capacity use rebounds to 82.79%
March 22, 2024
The blast furnace (BF) capacity utilization rate ended a four-week drop and rebounded to 82.79% during March 15-21
Should India ‘heavily subsidize’ metals firms to insulate from Western trade barriers?
March 22, 2024
Western governments are increasingly implementing policies to protect their local metal-producing industries from rivals
Coal News & Price Data – March 21, 2024 – Coking Coal Prices Finally Bottom?
March 21, 2024
Oversupply in spot markets, driven by subdued demand in India and China, led to decreased prices. China’s declining coking coal and coke production adds to the oversupply. Indian steelmakers adopt a cautious approach ahead of elections.
Australian Coking Coal Prices Continue Falling
March 21, 2024
Decline in Australian coking coal prices can be attributed Weak global steel demand
Newcastle Prices Drop to near 1-Month Low
March 21, 2024
Benchmark Pacific Basin coal prices have dropped 6% over the past week to a near one-month low as ample supply offsets strong generation
Australia Coal Miners Woo Private Capital as Banks Get Leery
March 21, 2024
Australian coal producers are increasingly dabbling in high-interest private loans as lenders look to replace reluctant banks